ON TO HAPPENSTANCE!

Someone asked me if it is a self imposed condition for your blogs to be limited to 200 postings. Affirmatively I replied that it was more for management purposes than a personal self-imposed condition.
As this is the last posting on this blog, the next entry will be on

happenstance0203@blogspot.com.

So do drop over to the new blog if you are an avid follower of my views on the local bourse-its up and downs, the exhiration and the dejections! The hurrahs! the phews! and the urghs!

Happy trading on the bourse!

Heartsong

Ronggeng at Bursar

Responding to the 207 points rise on Wall Street, Bursa came out in style adding 9 points to the CI. A quick glance at the board and one notices easily a random walk in operation. Stocks, mostly blue chips, which fell a day or two ago recovered ground. So it is actually going back and forth and then back to square one for these blue chips which made up the 9 point rise on the CI. Talk about rigging! Sheesh!

Chinese New Year is fast approaching and the pre-election talk is supposed to heat up the CI barometer. Will be market moved up so that money is to be made or are the GLCs, as usual, doing their ronggeng under the threat of a whip?

Heartsong

Slight Bounce!

So there was some follow-up in the afternoon session. Possibly GLCs on instructions to lift the CI. The market improved 9.17 points to 1393.25 on a volume of 806 million shares worth a value of RM1.93 billion. Gainers were slightly ahead of losers 399 to 361.

Nestle heads the gainers picking up 50 sen. LCL pushed ahead to take 45 sen,The Store climbed up 44 sen and Pelikan rose 36 sen. The losers were BKawan tumbling 40 sen;IJM dropping 30 sen;MetalR falling 28 sen and CYL slipping 23 sen.

The portfolio was so-so. Resorts World tacked on14 sen to RM3.90,Genting improved 5 sen to RM7.30 while BJ Sports Toto was better 5 sen at RM5.20. KHSB dropped a sen to 82 sen while RCE was off 0.5 sen to 78 sen. Welli went down by 0.5 sen to 56 sen while Metronic was unchanged at 13.5 sen.

A good Dow tonight can make Bursa shine tomorrow.

Heartsong

Bursa in Fatigue!

Try as it may, try as it might, the Dow rules and Bursa kowtows. At the lunch close, CI managed a feeble up-tick of 1.79 points moving up to 1385.87. Gainers were outran by losers 188 to 369. Volume were real low at 362 million shares worth some RM788 million. Some GLC action but insufficient to do the CI any real good.

Sime put on 20 sen along with PBBank and Biport while F&N was 15 sen better. BKawan lost 40 sen and IJM slid 30 sen. Elsewhere, MPI decreased 25 sen and Commerz lost 20 sen.

The portfolio was mixed with a losing bias. Genting added 5 sen to RM7.30 and Resorts World improved 8 sen to RM3.84. Metronic and KHSB were unchanged at 13 sen and 83 sen but BJ Sports Toto weakened by 5 sen to RM5.10. RCE lost a sen to 77.5 sen and Welli started scuba again losing 2.5 sen to 54 sen.

Could be another dull afternoon watching paint drying and grass growing. Watching the two birds is more fun!

Heartsong

Silly Pussy-footing at Bursar

As Asian markets zoomed south, Bursa pussy footed and lost a marginal 4.42 points thanks to GLCs taking position to prop up the CI. The CI ended at 1384.08 with gainers losing to losers 243 to 548. Volume was small at 781 million shares worth RM1.83 billion shares;denoting blue chip purchases.

DFZ-PC shot up to gain 72 sen with Digi adding 50 sen and BKawan improving 40 sen. PPerdana moved up 38 sen. Nestle lost 50 sen while Tanjong slipped and gave up 40 sen along with Bursa. LDaun descended 38 sen.

The portfolio was dull. Welli added 2 sen to 56.5 sen and Metronic improved 0.5 sen to 13.5 sen. Remaining unchanged were BJ Sports Toto at RM5.15 and RCE at 78.5 sen. Genting lost big time,slipping 25 sne to RM7.20 and Resorts World was off 6sen at RM3.76. KHSB lost 2 sen to 83 sen.

Quite a sorry sight at Bursa this day.

Heartsong

Follow Up Poser on Bursa

Market started and Bursa chalked some early progress adding 9 points to the CI. By noon, it has stumbled, losing 1.07 points to 1387.43. Losers gleefully gloat at gainers 421 to 204. Volume was not too good at 379 million shares worth RM 847 million.

Digi led the gainers, putting o n50 sen;Loh and Loh improved 38 sen while IOIProp and Dutch Lady both added 30 sen each. Nestle led the losers falling 50 sen. Bursa and UMW succumbed to a loss of 30 sen each while Tanjong slipped 20 sen.

Portfolio was mostly negative. BJ Sports Toto, Metronic and RCE remained unchanged at RM5.15,13 sen and 78.5 sen. Genting tumbled 15 sen to RM7.35, Resorts slipped 2 sen to RM3.80. KHSB slided 2.5 sen to 82.5 sen.Welli was off 0.5 sen to 54 sen.

Heartsong

Bursa the Reluctant Apologist!

With only a miserable rebound of 7.96 points on the CI to 1388.50, Bursa is but a lame duck apologist. some semi-blues did rebound quite convincingly but generally it was a half-hearted response to a better Dow. Gainers rushed past losers 463 to 301 on a volume of 787 million shares worth some RM1.45 billion.

Unheard of counters such as Hexagon hog the limelight with an upshot of 83 sen. Kramat was in second place improving 75 sen while Digi added 60 sen. T Ocean was better by 53 sen. The losers were IOIProp and Sime Darby,both losing 30 sen each. Asiafile dropped 28 sen while BJLand was off by 25 sen.

The portfolio was very much better. Genting improved 15 sen to RM7.50 while Resorts World jumped 20 sen to RM3.82 Elsewhere, BJ Sports Toto added 5 sen to RM5.15 and KHSB was better by 1.5 sen at 85 sen. RCE improved 0.5 sen to 78.5 sen but both Metronic and Welli succumbed to selling pressure to end 0.5 sen and 1.5 sen to 13 sen and 54.5 sen.

If the Dow moves up tonight because of a rate cut, Bursa should improve tomorrow.

Heartsong

Murder on the Rebounce!

Smart alecs! They thought they were smart enough to play the Bursa! Well, looks like you win some but lose plenty. The morning rebound was insufficiently elastic to bring gains to punters even though it ended noon on positive territory.

The CI barely made it with a miserable 4.09 points gain to 1384.63. Gainers saw sunlight today beating losers 322 to 282. Volume was sadly down at 384 million shares worth some RM673 million. Discouraging signs of approaching bears.

The board showed T Ocean leading with a 30 sen gain. WCT followed with a fillip of 25 sen and Aeon moved up 20 sen along with CIMA. Petgas lost 20 sen and reduced its price by 15 sen. BJLandBLD Plant slid 14 sen while Kwantas gave back 12 sen.

The portfolio was mixed. Genting managed a 10 sen gain to RM7.45 while Resorts World moved up by an equal margin to RM3.72. RCE and KHSB both moved up 1.5 sen each to 79.5 sen and 85 sen respectively. BJ Sports Toto was unchanged at RM5.10 but Welli declined 1.5 sen to 54.5 sen. Elsewhere, slow coach Metronic lost 0.5 sen to 13 sen. Metronic is one disaster counter to be in this portfolio! Do not have this in your portfolio until it shows bigger profits from their China operations!

Afternoon may see some buying interest.

Heartsong

Buried Alive!

The Bursa has closed out the retailers-the very people they wanted to attract in the first place. Look at the picture above.The retail community is dead because of the RM40 issue.Now, the guardians of the bursa is shifting goal-posts by putting counters that got government contracts to be component stocks. I wonder what else they would like to do? Khazanah, Valuecap and its siblings, the EPF, SOCSO,Amanah Raya, LTH and PNB have been pistol-whipped into action to shore up the CI for the impending general elections in late February-early March. The BN war-chest is already full! It is overflowing!

But when man propose, God dispose! And so through the sub-prime issue, God mow down Dow and the world equities markets. Bursa which tied to show that it has more bola than others in early January 2008 is now a victim of its own action! The CI dropped 24.86 points to 1380.56. Losers bushwhacked gainers 666 to 168. Volume was at 739 billion shares worth RM1.39 billion.

Leading the gainers were SPSetia-WB which which zoomed up 54 sen; Nestle leaped up 50 sen, Maypak added 30 sen and Loh and Loh which ascended 26 sen. The losers were AMMB which lost RM3.51. (There must be a mistake here);BAT which slipped 75 sen, Aeon which slumped 70 sen and PPB which surrendered 50 sen.

The portfolio was fully autistic! The poor savant performed dismally. Genting lost big time by 15 sen to RM7.35;Resorts World fell 10 sen to RM3.62; KHSB slipped 4 sen to 83.5 sen while RCEB went down 2.5 sen to 78 sen.BJ Sports Toto meanwhile stood unchanged at RM5.10 but Metronic inched up 0.5 sen to 13.5 sen.

A lousy day at the stocks!

Heartsong

Bootlicker Bursa!

So tumbled the equities market. Give my regards to Broadway! Sheesh, talk about resilience-Valuecap etc..... bunkum propaganda. Jelly fish Bursa will not be able to stand up to the onslaught of foreign fund selling.

Malaysian retailers are very thankful to far sighted Nor, Yusily and Tzarina for keeping us away from dabbling with the RM40 shackle! Terima kasih, kami ucapkan!

So the CI capitulated and went skinny diving,losing 21.19 points. At last look, at the noon close, it was 1384.21. Losers were gloating over gainers 588 to 96. Volume shrunk to a dismal 330 million shares worth only 583 million ringgits.

The gainers were unseen counters such as Loh and Loh, rising 22 sen; unheard of ICP moving upwards by 18 sen; Narra improving 16.5 sen and Deleum ascending 13 sen. The losers saw the likes of BAT sliding 50 sen;IOICorp slipping 35 sen; losing 35 sen as well and ParksonBursa surrendering 30 sen.

The portfolio was crying in need of solace! Genting lost a leg-dropping 25 sen to RM7.25;ResortsWorld declined 6 sen to RM3.66;KHSB slipped 2.5 sen to 85 sen while RCE gave in by 2 sen to 78.5 sen.BJ Sports Toto, Metronic and Welli remained unchanged at RM5.10,13 sen and 57 sen.

The afternoon is quite worrisome.

Heartsong

High Risks!

The response in barely adequate - hardly promising. In spite of clawing back 28.12 points the Bursa recovery seems uncertain at best. A lot will depend on Dow tonight. CI was at 1383.35 at the day's close. There were 730 gainers gleefully taunting 180 losers. Volume was good at RM1.48 billion shares worth some RM3.18 billion.

Gainers were high-flying BAT adding RM1.25, Bursa escalating by 80 sen;Sime Darby reclaiming 60 sen and Parkson ascending by 60 sen as well. The losers were unknowns such as Ta Ann going down 25 sen;Signature giving up 20 sen; off-loading 20 sen and TAHPSHexagon slipping 19 sen.

The portfolio was alright. Genting added 15 sen to RM7.25;Resorts added 2 sen to RM3.62;Welli adding 4.5 sen to 57.5 sen, RCE topping up 4 sen to 79 sen and KHSB increasing 1.5 sen to 86 sen. Metronic improved 0.5 sen to 13 sen. BJ Sports Toto was unchanged at RM4.98.

Heartsong

Inadequate Response!

So along with the world bourses, Bursa responded with a gung-ho stance, putting on 50 points on the outset. By lunch-time almost half has been frittered away. Profit takers will take this as an opportunity to release holdings because nothing good is happening on Wall Street. Gravity in fact is strong on Wall Street!

From the looks of it, the ramped -up is again the work of GLCs propping up the CI for a show that all is well in Malaysia and time for the general election is at hand.

The CI closed at noon up 26.95 points to 1381.43. Losers were behind gainers 165 to 660. Volume of shares traded was 872 million shares valued at RM 1.71billion.

The gainers included BAT which zoomed up 75 sen,Bursa which shot up 70 sen, Digi which rang in 50 sen and Sime Darby which rose 50 sen. The losers were Nestle dropping 50 sen and Signature, Cepco and IOIProp all losing 20 sen each.

The portfolio went with the flow. Genting added 30 sen to RM7.40 while Resorts added 6 sen to RM3.66. KHSB upped 3 sen to 87.5 sen while RCE added 5 sen to 80 sen. Welli was unchanged at 53 sen while Metronic was better 0.5 sen at 13 sen. BJ Sports Toto added 17 sen to RM5.15.

Afternoon should see more profit taking.

Heartsong

Floored!

Dow is King. All markets were floored this day. Bursa's CI went flat at 1354.48, down a humongous 54.12 points! Losers reached 963 while gainers were subdued at 68. Volume of shares traded was 1.58 billion shares worth RM 3.65 billion.

The gainers were MetalR, moving up 30 sen; IOIProp improving 30 sen,Tien Wah rising 30 sen and Choo Bee notching up 12 sen. Losers were the great fly guys of yesterday. BAT lost RM1.50;Digi went down RM1.40;United Plant shed RM1.20 and KLK off-loaded RM1.10.

The portfolio was uneasy. Loses were heavy particularly for Genting which lost 35 sen to RM7.10;KHSB stumbled and lost 8.5 sen to 84.5 sen; Resorts went down 8 sen to RM3.60 while RCE slided 5 sen to 75 sen. Metronic also lost a sen to 12.5 sen. BJ Sports Toto was unchanged at RM4.98 while Welli improved 0.5 sen to 53 sen.

It was one lousy day at the bourse.

Tomorrow is Thaipusam, a newly declared holiday for the Federal Territory of Kuala Lumpur and Putrajaya.

Let us see how the Dow will fare tonight and tomorrow night!

Heartsong

The Collapse!

And so it happened. They came to town to sell and the market went under by a huge 30.89 points flooring the CI to 1408.60. There were 844 losers as compared to only 104 gainers. Volume was 948 million shares worth RM2.33 billion.

Among gainers were Rexit which shot up 25 sen;Petgas which glided up 20 sen, KPJ which gained 12 sen and PBBank which added 10 sen. Losers included MMCCorp which lost 75 sen along with BAT and Tanjong which lost 60 sen along with MPI.

The portfolio groaned. BJ Sports Toto slipped 27 sen;Genting tripped and fell 25 sen to RM7.45, Resorts slided 10 sen to RM3.68, KHSB was off 5.5 sen to 93 sen,RCE lost 2.5 sen to 80 sen while Welli shaved off 2 sen to 52.5 sen. Metronic lost 0.5 sen to 13.5 sen.

A great bloodbath created by the GLCs in the first place!

Heartsong

Year of the Gutter Rat!

So the Bursa is suffering after the early January rush - indigestion. Poor us that got burnt, fingers, hands and butts! The sub-primes rule and the world markets kowtow. Malaysia wanted to play hero when all the Asian markets paid their tributes. We stood up and out like a sore thumb and now we are feeling the buck shots! Silly GLCs and mad mat rempits!

The CI closed with a loss of 9.57 points to 1429.92. Losers rode by gainers 599 to 100. Volume was at 296 million shares valued at RM606 million. The gainers included Rexit up 26 sen; PBBank ascending by 20 sen, LPI gliding up 20 sen and TM rising a paltry 10 sen. The losers were IOIProp which lost 50 sen; BKawan which lost 30 sen along with Parkson and Bursa.

The portfolio was squished and squashed. Resorts World got the treatment and went down 4 sen to RM3.74; Genting lost the bet and slid 10 sen to RM7.60. Meanwhile, BJ Sports Toto went to the cleaners losing 10 sen as well. Elsewhere, Metronic and KHSB added 0.5 sen each to 14.5 sen and 99 sen RCE was unchanged at 82.5 sen but Welli lost 1.5 sen to 53 sen.

Heartsong

Down, Down,Down!

Newtonian principle on cue. Down! down Down! So, in line with world markets, discipline followed in Bursa. The CI retracted 21.22 points to 1439.49. Losers laughed out loud at 605 to gainers meek response of 199. Volume stood at a dismal 900 million shares worth RM2.01 billion.

BHIC was ahead of the gainers notching up 25 sen. QSR was behind with an 18 sen gain while BJLand took in 15 sen. Unknown KBB added 11 sen. Plantation giants KLK,PPB,BKawan and Sime Darby all lost 40 sen each. GLCs are on the run!

The portfolio was equally dismal. KHSB added 0.5 sen to 98.5 sen. The rest surrendered with losses. Genting and BJ Sports Toto each lost 10 sen to RM7.70 and RM5.25 respectively. Resorts was hammered down 8 sen to RM3.78.RCE slipped a sen to 82.5 while Metronic and Welli both lost 0.5 sen to 14 sen and 54.5 sen accordingly.

Heartsong

Breakdown Bursa!

The Dow went down another 300 points and kaboom! Bursa went down 20.37 points at noon to finish at 1440.34. Losers said adios to gainers 663 to 79. Volume shrunk to 440 million worth RM901 million.

Hardly traded shares emerged as gainers. QSR clinched 26 sen;TMCLife sprouted a 17 sen gain;KBB moved up 11 sen and NexNews improved 9 sen. Losers were plantation giants such as KLK crashing out 40 sen along with PPB and IOIProp. SOP sobbed behind with a loss of 35 sen.

The portfolio was one crying shame. Genting and Metronic were unchanegd at RM7.75 and 14.5 sen. BJ Sports Toto lost its pants and fell 15 sen to RM5.15; Resorts also went south losing 4 sen to RM3.82.Welli decreased 2 sen to 53 sen while RCE was a sen off at 82.5 sen.KHSB lost a marginal 0.5 sen to 97.5 sen

Heartsong

Minimal Rebound

The CI recovered in the afternoon adding 7.05 points to 1460.71.There were 468 gainers compared to 324 losers. Volume stood at 1.187 billion worth RM2.44 billion.

Among gainers were KLK up 70 sen, IOIProp which rose 40 sen,WCT moving up 30 sen and BJLand which gained 25 sen. Losers were led by Digi slipping 30 sen along with Hexagon. Nestle lost 25 sen while Sime Darby went down 20 sen.

The portfolio was not too bad. Genting added 10 sen to RM7.75 while BJ Sports Toto added 20 sen to RM5.30. Resorts.Metronic and Welli were unchanged at RM3.86,14.5 sen and 55 sen respectively. KHSB fell 2.5 sen to 98 sen while RCE was off 1.5 sen to 83.5 sen.

Heartsong

Some More Bloodshed on Mat Rempit Counters!

Walla! The killing fields continued today,backswiping those GLC counters. Rasa pedih now! The CI tumbled like tumbleweeds in the American Prairies of Montana, courtesy of Wall Street. If fell by another 20.68 points flooring itself to 1432.98. Losers were kings today with 614 maroon counters. Only 143 counters got away with marginal gains. Volume was 537 million shares worth RM1.01 billion.

The gainers included AEON which rose 20 sen;Stemlife which sprouted to get 20 sen on its price;MMCCorp which tacked on 15 sen and EonCap which climbed 10 sen. Losers saw Digi in pole position losing 90 sen;BAT blowing smokes off 75 sen;Nestle sliding 75 sen and PPB decreasing 50 sen.

The portfolio was dull. Genting added 10 sen to RM7.75 and Metronic added 0.5 sen to 15 sen. Resorts screwed up and gave back 6 sen to RM3.80. BJ Sports Toto threw out 5 sen to RM5.05 while KHSB took a beating and lost 5 sen to 94.5 sen.Elsewhere, RCE coughed out a loss of 2.5 sen to 82.5 and Welli went underneath a sen to 54 sen.

It will likely be the Red Sea phenomenon again in the afternoon session. Where are you, Moses?

Heartsong

Shot Down like Dead Ducks!

CI bombed! Went down a horrendous 52.05 points. A tsunami of losses. Gainers were a handful at 100 while losers were everywhere last counted at 824.Volume was okay at 1.17 million shares worth RM2.84 billion.

Gainers were led by beverage producer Nestle taking in a gain of 50 sen;Kramat followed with a small uptick of 20 sen;Khind rose 17 sen while Yinson added 12 sen. Losers were Commerz losing 80 sen, Sime slipping 70 sen;KNM offloading 65 sen and IOIProp slumping 60 sen.

The portfolio was an absolute disaster! BJ Sports Toto lost its head;slipping 25 sen to RM5.10.Genting was decapitated by 20 sen to RM7.65 while Resorts World was practically guillotined off 16 sen to RM3.86. KHSB lost 1.5 sen to 99.5 sen while RCE and Welli gave back a sen each to 85 sen and 55 sen. Metronic went underneath to lose 0.5 sen to 14.5 sen, another low in a long time!

Will the Dow recover tonight?

Heartsong

Red Tide!

Gravity-what goes up must come down-the degree may differ and the timing too.

So along with the world markets, Bursa succumbed to heavy profit taking on the blue chips that they have jacked-up for last 15 days. The CI fell some 44.58 points to 1461.13. The losers rode proudly like a horde of locusts sweeping red blood over 755 counters. There were only 66 gainers.

The counters that gained ground today included MISC which sailed up with a gain of 65 sen,Kramat which rose 20 sen;Khind which quietly tacked on 11 sen and which showed a growth of 7 sen. TMCLifeSime Darby broke down and lost 70 sen. Commerce tumbled 60 sen;Parkson was squeezed down 55 sen and also IOIProp slided 50 sen.

The portfolio saw the shadow of Genghis Khan and shaded blood as well. BJ Sports Toto lost the tote by 20 sen to RM5.15,Genting slipped 15 sen to RM7.70; Resorts World was off by 10 sen to RM3.92 while RCE and Welli moved down 2 sen each to 84 sen and 54 sen respectively. KHSB went down 1.5 sen to 99.5 sen. Strangely, Metronic could show a gain of 0.5 sen to move up to 15.5 sen.

Today is a day of indecision for many. Those who dare to come in via bargain hunting of blue chips may make it tomorrow if there is no longer any more sell down. However, if Wall Street continue to hemorrhage, woe betide them!

Heartsong

Bursa Stronghold

With Alamo tenacity, Bursa stood its ground and finished up 1.33 points to 1505.71. Losers were way ahead of gainers 622 to 218. volume traded was 1.14 billion shares worth RM2.51 billion.

Among gainers were BAT flying sky-high with a gain of RM1.25. IOIProp followed tacking on 80 sen while Gamuda and IOICorp both improved 20 sen each. Losers were led by Bursa collapsing virtually with a loss of 90 sen. PPB,KLK and Hexagon lost 30 sen each.

The portfolio was again lousy. Except for BJ Sports Toto and Welli which rose 5 sen and 2 sen to RM5.35 and 56 sen and Genting and Resorts which stood unchanged at RM7.85 and RM4.02, the rest succumbed to profit taking. KHSB fell 4 sen to RM1.01 and RCE zoomed down 2 .5 sen to 86 sen. Elsewhere, Metronic weakened a sen too to 15 sen.

Heartsong

Bursa in Consolidation

The positive Dow was no help. CI went up 1.72 points to 1508.76. Losers loomed large with some 517 losers and 210 gainers. Volume was not bad at 615 million shares traded at a value of RM1.05 billion.

Gainers were IOIProp leading with a gain of 80 sen. Tenaga was hot upping 30 sen;KLK move up 20 sen and Kulim rose 15 sen. The losers were cellular phone operator Digi losing 30 sen,Hexagon slipping 20 sen, Muhibbah sliding 16 sen and F&N felling 15 sen.

The portfolio was in the dumps. Except for Welli which closed up 0.5 sen to 54.5 sen and Genting which closed unchanged at RM7.85, all the rest were losers. KHSB and Resorts both fell 2 sen to RM1.03 and RM4.00. RCE dropped 1.5 sen to 87 sen while Metronic slipped 0.5 sen to 15.5 sen. BJ Sports Toto went down 5 sen to RM5.25.

There may be some buying in the afternoon of blue chips to resume the bull-run until the Chinese New Year.

Heartsong

Pipe Piper beckons!

And I though Bursa was invincible! But fell it did in the afternoon session. Likely overseas fund sold down a bit as the CI went up too fast thanks to those silly antics of the GLCs. The CI got the toppler effect and fell 9.18 points to 1507.04. There were 630 sellers and only 222 gainers. Volume continued to be alright at 1.04 billion worth RM2.53 billion.

Equine-LA headed the gainers taking in 41 sen. SWKPlant was next with a gain of 32 sen,UnitedPlant climbed 30 sen while Commerz made a cool gain of 30 sen. Fronting the losers were Digi which again lost big time by RM1.20. Kulim slipped 45 sen while Sime Darby slided 40 sen. Equine also scrapped 22 sen.

The portfolio was murder! Genting got truncated by 10 sen to RM7.85, Resorts World was sold down by 12 sen to RM4.02,Welli slipped 2.5 sen to 54 sen and RCE was off 0.5 sen to 88.5 sen. Metronic and BJ Sports Toto was unchanged at 16 sen and RM5.30 accordingly while KHSB added 2 sen to RM1.05.

So, Bursa has its Achilles Heels, after all.

Heartsong

Minimal Damage

Bursa is certainly standing tall. While the dastardly Dow ravages the Asian markets, Bursa lost only 3.19 points to 1513.03. There were 584 losers as compared to only 178 gainers. Volume of shares done was 603 million worth RM1.22 billion. A random walk pattern has been observed with Commerz taking a volume role.

The gainers were United Plant running up a gain of 90 sen, SWKPlant moving up 32 sen,Commerz swinging a profit of 30 sen and SAAG-WA adding on 28 sen. The losers were led by Digi losing big-time by RM1.10,WCT followed closely sliding 25 sen. They were followed by Bursa and MMCCorp both losing 20 sen each.

The portfolio was campy! BJ Sports Toto and Genting were each relieved of 10 sen to RM5.20 and RM7.85 accordingly.Resorts shaved off 8 sen to RM4.06. Welli lost 1.5 sen to 55 sen while Metronic gave up 0.5 sen to 15.5 sen. Elsewhere, RCE added 0.5 sen to 89.5 sen and KHSB put on a sen to RM1.04.

Rather dull market this morning and it will continue to be so in the afternoon.

Heartsong

Truly Invincible Bursa!

With such a disastrous performance on Wall Street, Bursa stood its stand. In fact, it still managed a marginal increase of below a point rise above Friday's close. What a show! What a challenge to Wall Street!

I do not know what the day will hold for Bursa as it is still the early minutes. Perhaps when all Asian markets opened especially Hang Seng, we may see whether Bursa continues to be the isolated glimmer in a red sea of doom.

Heartsong

Running out of Steam!

The morning was glorious. The market was swamped with buyers galore. The CI shot over the moon and found uncharted territory.

The afternoon session was equally hot but prices of second liners and penny stocks started to fall. Bargain hunters ran for their lives, taking what profits they could before the week closes.

At the close, the CI rose 24.56 points to 1516. There were461 gainers compared to 412 losers. Volume of shares traded was 1.75 billion worth RM4.35 billion. The gainers included Digi which rose RM1.40 and Bursa and WCT which rose 90 sen each. Commerz added 70 sen. The losers were SAAG which lost 40,SAAG-WA which slipped 32 sen,IOIProp which gravitated downwards by 30 sen and TWS which slipped 20 sen.

The portfolio was not exciting. BJ Sports Toto was up 15 sen to RM5.30 while Genting added 10 sen to RM7.95; Resorts and Welli was unchanged at RM4.16 and 56.5 sen respectively. Metronic slided 0.5 sen to 16 sen and RCE lost a sen to 89 sen. Elsewhere KHSB added 2 sen to RM1.03.

Have a happy week-end.

Heartsong